A Closer Look at Regional Financial Aid Packages for MBA Programs
CALIFORNIA
Los Angeles
At Claremont Graduate University’s Peter F. Drucker and Masatoshi Ito Graduate School of Management, full-time MBA students may receive merit fellowships based on GMAT scores, GPA, professional background and leadership experience. Executive MBA students, for their part, may qualify for Drucker EMP fellowships, which provide students with financial assistance. These fellows also represent the executive MBA class at public engagements and recruiting events. Lastly, part-time MBA students may receive fellowships and merit-based scholarships, and the school has partnerships to support the Yellow Ribbon Program and former City Year corps members.
At UCLA’s Anderson School of Management, meanwhile, full-time MBA students may receive merit scholarships, and fellowships are available based on career development, community involvement and financial need. In addition, students who are admitted through the Consortium process, a TK, may be considered for fellowships that cover full tuition and fees. Lastly, foreign graduate students, in particular Japanese students, are eligible for fellowships from the George and Kimiko Nozawa Endowment in U.S. Japan Studies.
San Diego
At the University of San Diego School of Business Administration, full-time MBA students can receive merit scholarships based on accomplishments such as outstanding GMAT scores or exceptional professional experience. These $5,000 minimum scholarships are awarded at the time of admission. Furthermore, students may receive graduate assistantships for $1,200 in tuition assistance.
At the UC San Diego Rady School of Management, fellowships may be available for full-time MBA students who have life science backgrounds, as well as those who have had to overcome significant barriers to pursue higher education. Furthermore, applicants with a military background may have their application fee waived and may also use their GI Bill benefits for the degree.
San Francisco
Stanford Graduate School of Business
The Stanford University Graduate School of Business offers full-time MBA fellowships for students who demonstrate financial need. Additional fellowships include the Charles P. Bonini Partnership for Diversity Fellowship Program, which entitles recipients a nine- to 12-month internship prior to enrolling in the MBA program, in exchange for a full-tuition grant for two years of study.
Next, the Stanford Africa MBA Fellowship Program covers tuition and fees for citizens of African countries who demonstrate financial need. The Reliance Dhirubhai Fellowship Program, meanwhile, provides financial support for the two-year MBA program to Indian students who agree to return to India for at least two years to serve an Indian organization. In addition, the TOMODACHI-Uniqlo Fellowship provides support—up to the full cost of tuition—for at least three Japanese students. The Orbis Investment Management Fellowship offers a $10,000 cash award to cover tuition or educational expenses for an incoming MBA student who demonstrates knowledge of and passion for investing. Lastly, McKinsey & Company offers a scholarship opportunity for pre-MBA students that includes cash awards, consultant mentorship, networking opportunities and a celebratory event in Chicago.
At Golden Gate University’s Edward S. Ageno School of Business, the Economic Assistance Grant is a one-time donation of $1,500. Both endowed and gift scholarships are also awarded to students who meet the academic merit or other criteria established by the donors. For example, students who demonstrate a commitment to community service and social justice can qualify to receive graduate student grants and scholarships.
DC METRO AREA
Baltimore
At Johns Hopkins University’s Carey Business School, full-time, flexible and executive MBA students may receive scholarships based on academic merit and leadership abilities by completing the Carey Business School Foundation Scholarship Application and submitting an essay.
The nearby University of Maryland’s Robert H. Smith School of Business offers full-time MBA students financial assistance via research and teaching assistantships. Graduate assistantships offer students a partial tuition waiver and stipend.
Washington, DC
At the George Washington University’s School of Business, all full-time MBA applicants are automatically considered for merit-based scholarships, which are awarded in amounts from $15,000 up to the full cost of tuition. The school also partners with the American Association of University Women (AAUW) and awards educational grants to exceptional AAUW members.
The Howard University School of Business offers full-time and part-time MBA students the Howard University Trustee Tuition Scholarship, which is a merit-based award for students with high academic achievement.
MIDWEST
Chicago
NWU Kellogg
At Northwestern University’s Kellogg School of Management full-time MBA students may qualify for many scholarships. For instance, the F.C. Austin Scholarships are awarded to 20 students who pursue careers in management, and these cover half of the tuition for each year. In addition, the Peter L. Frechette Scholarship covers full tuition for one student. The David F. and Margaret T. Grohne Family Foundation Fellowship also covers full tuition, with preference given to students with a non-business undergraduate major. Also, the Donald P. Jacobs International Scholarships provide international students $15,000 on a merit basis, whereas the Kellogg Forté scholarship offers exceptional women $20,000 per academic year. Finally, Diversity Scholarships are available from Goldman Sachs, Morgan Stanley and Merrill Lynch.
At the University of Illinois at Chicago Liautaud Graduate School of Business, part-time MBA students may apply for graduate assistantships for a partial tuition waiver and stipend. Partial tuition and fee waivers are also available based on academic merit. A science and technology fellowship may also be available for students with a demonstrated interest in tech commercialization.
About the Author
Lindsay Mack
Staff writer covering feature articles on higher management education issues and the MBA space in particular for MetroMBA.